Glycerol Diacetate Market
The research report on Glycerol Diacetate Market is segmented by Application, by End-use Industry and by Region -Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026
The research report on Glycerol Diacetate Market is segmented by Application, by End-use Industry and by Region -Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026
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<strong>Glycerol</strong> <strong>Diacetate</strong> <strong>Market</strong> - Size, Share, Outlook,<br />
and Opportunity Analysis, 2018 – 2026<br />
<strong>Glycerol</strong> diacetate, also known as diacetin, is colorless, clear, and hygroscopic in<br />
nature. It is an ester compound used as a diluent or filler material in production of<br />
synthetic food colors. <strong>Glycerol</strong> diacetate is soluble in alcohol and other organic<br />
solvents.<br />
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Drivers and Restraints<br />
Increasing use of glycerol diacetate in food additives for flavoring and coloring of<br />
synthetic agents and growing food industry are major factors driving growth of the<br />
global glycerol diacetate market. According to the Department for Environment Food<br />
& Rural Affairs (DEFRA), in U.K., the food sector excluding fishing and agriculture<br />
was increased by 78% between 2000 and 2016.<br />
<strong>Market</strong> Outlook<br />
North America is projected to exhibit significant growth in the global glycerol<br />
diacetate market over the forecast period. This is attributed to increasing end-use<br />
application of glycerol diacetate in paints and coatings. According to the Coherent<br />
<strong>Market</strong> Insights’ analysis, the global paints and coatings market was valued at US$<br />
137.25 billion in 2016 and is expected to reach US$ 235 billion by 2025.<br />
Asia Pacific is the fastest growing region in the global glycerol diacetate market over<br />
the forecast period, owing to increasing use of plasticizers in production of Polyvinyl<br />
Chloride (PVC). According to Ministry of Economy, Trade and Industry (METI), a<br />
Ministry of the Government of Japan, PVC production in Asia Pacific (excluding<br />
Japan) was 53.5% in 2015, globally. Moreover, according to Federation of Indian<br />
Chambers of Commerce & Industry (FICCI), PVC demand has grown at 10% p.a.<br />
from 1.2 million tons per annum to 2.1 million tons per annum.
<strong>Market</strong> players<br />
Key players operating in the global glycerol diacetate market include, Eastman<br />
Chemical Company, Tennants Fine Chemicals Ltd., Spectrum Laboratory Products<br />
Inc., Crescent Chemical Co., Inc., Yixing Tianyuan Chemical Co., Ltd., and Yixing<br />
Kaixin Chemical Co., Ltd.<br />
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